Estate planning is an essential process to ensure that one’s assets and wealth are distributed according to their wishes after they pass away. However, not all assets are straightforward to manage or distribute. Some can pose significant challenges due to their nature, ownership structure, or other unique characteristics. Recognizing and understanding these potentially problematic assets […]
While estate planning is extremely important regardless of your age and finances, the strategies that you use can vary greatly depending upon those two factors. Whether you are just starting a family or nearing retirement, it’s important to understand how an estate plan can help to protect your assets and your wishes. Here’s what you […]
Many people believe that trusts are only for older individuals with a lot of money. However, trusts can be a powerful tool for individuals of varying wealth and backgrounds. Whether you have a lot of money or simply want to provide security for your loved ones, a trust can be extremely helpful. Here’s what to […]
Enduring a divorce can be heartbreaking on many levels. The last thing people often think about is meeting someone new. So, when you find yourself in love and happier than you’ve been in a long time – maybe, ever – you may wish to rush towards imagined marital bliss. However, it’s extremely important that you […]
As parents we want to protect our children. One of the most important things that you can do for your children is to establish guardians should something happen to you. This can ensure that your children are taken care of in an emergency. Here’s why you should appoint a guardian for your children. 1. Ensure […]
The decision of whom to leave things to in your will and how to set up your estate planning documents is one of great importance. Sadly, sometimes when someone is in a vulnerable state they can be excessively persuaded to act or refrain from acting in a certain manner by someone who overtakes their free […]
The real estate market remains touchy. Inflation has made it much more difficult for young people to purchase property. That’s why many mothers and fathers will co-sign on a mortgage since their child would be ineligible. While a nice gesture, co-owning property can prove complicated – especially after the death of one of the parties. […]
Many parents wish to leave assets to their children. One common way of doing so is through the creation of a Trust. Another is to do so outright. Doing so outright means that your assets will be distributed to your kids now. Receiving your assets in a Trust means that the assets you wish to […]
Probate is a legal process during which a court will look at a decedent’s estate and how his or her assets are to be distributed. During probate the court will look to validate a will (if there is one), and will also appoint an executor or, an administrator if there is no will. This appointed […]
Many people are concerned about the impact that their own actions are having on our environment and are looking for ways to be more environmentally conscious. For some people this even includes what to do with their body when they pass away. Burial solutions that are gaining a lot of traction are green burials, commonly […]
